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Nakheel generates Dh4.38b net profits for 2018

Nakheel generates profits

Dubai: Nakheel recorded net profit of Dh4.38 billion in 2018, a period in which it has focused heavily on existing projects, both nearing completion and those with a longer timeframe. A year ago, the net profit was Dh5.67 billion. “Nakheel is targeting a substantial increase in annual recurring revenue in the next five years as…

Nakheel invests Dh15 million in Palm Jumeirah marinas

Nakheel properties

Master developer Nakheel is investing Dh15 million to increase boat mooring capacity on the Palm Jumeirah, with two new marinas that will bring the total berths on the island to 600. New marinas are on the way at Nakheel’s Azure Residences waterfront apartment and restaurant complex on the island’s eastern trunk, and at The Pointe,…

Coming up: Dh300 million mall in Al Khawaneej

mall in Al Khawaneej

Coming up: Dh300 million mall in Al Khawaneej Nakheel and Al Nasr Cultural & Sports Club have joined hands to develop a Dh300 million mall in Al Khawaneej district. Under the joint venture, the 2 organisations will deliver a retail, dining and entertainment hub with a total built-up area of 775,000 square feet, including 330,000sqft…